Exclusive: OPEC+ panel sees weaker oil demand in 2021 – document

FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen outside their headquarters in Vienna, Austria December 7, 2018. REUTERS/Leonhard FoegerDUBAI (Reuters) – OPEC and its allies have revised oil demand scenarios for 2021 with

What does palm oil have to do with Kashmir?

Malaysia’s palm oil industry has become an unexpected casualty of a row with India over disputed Kashmir. Ties have been frosty since late September when Malaysian Prime Minister Mahathir Mohamad said India had “invaded and occupied” the Himalayan territory. Delhi

Climate change? U.S. oil giants are doubling down on fossil fuels.

European energy companies like BP, Royal Dutch Shell and others have lately been selling off oil fields and investing billions in renewable energy, a response to plunging oil prices and growing concerns about climate changes. But the American oil giants

Oil falls 3%, heads for weekly drop on demand concerns

NEW YORK (Reuters) – Oil prices fell more than 3% on Friday, headed for their biggest weekly decline since June as concern around a slow economic recovery from the COVID-19 pandemic added to worries about weak oil demand. Brent crude

Oil set to post weekly drop on lacklustre demand

SINGAPORE (Reuters) – Oil prices slipped on Friday, on track for a weekly loss, as investors’ focus shifted to lacklustre demand and ample fuel supplies, offsetting support from a weak dollar. Brent crude LCOc1 fell 19 cents, or 0.4%, to